What is Safe & Green Holdings Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Safe & Green Holdings's Probability of Financial Distress (%) is 50.00%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Safe & Green Holdings's Probability of Financial Distress (%)
For the Metal Fabrication subindustry, Safe & Green Holdings's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Safe & Green Holdings's Probability of Financial Distress (%) Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Safe & Green Holdings's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Safe & Green Holdings's Probability of Financial Distress (%) falls into.
Safe & Green Holdings Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | 0.00 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 50.00% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Safe & Green Holdings (Safe & Green Holdings) Business Description
Traded in Other Exchanges
Address
990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132
Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.
Executives
| Thomas Meharey |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Jill Ellen Anderson |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Vanessa Villaverde |
director |
990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
| Patricia Kaelin |
officer: Chief Financial Officer |
990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132 |
| Elizabeth Cormier-may |
director |
5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
| Shafron E. Hawkins |
director |
5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
| John William Shaw |
10 percent owner |
1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776 |
| Gerald Anthony Sheeran |
officer: Acting Chief Financial Officer |
C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| Margaret Coleman |
director |
195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201 |
| Yaniv Blumenfeld |
director |
C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| David Roberto Villarreal |
director |
17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
| Joseph Safina |
director |
1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304 |
| William Jeffrey Rogers |
officer: Chief Operating Officer |
17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
| Mahesh S Shetty |
director, officer: CFO |
429 MEMORY LANE, MARSHALL TX 75672 |
| Swets Larry G Jr |
10 percent owner |
105 S. MAPLE ST., ITASCA IL 60143 |
Safe & Green Holdings (Safe & Green Holdings) Headlines
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